niebla
-
Posts
144 -
Joined
-
Last visited
Content Type
Forums
Downloads
Quizzes
Posts posted by niebla
-
-
In retirement, I suggest a balanced approach to investing with 50% in short term goverment (US) backed bonds. The remaining portion should be in equities. Currently I am in 90% US equities and 10% international equities. This should allow a 4% /year withdrawl without impacting the capital, and allowing for inflation.
If you were NOT going to live like a tourist, one can live quite well in Chiang Mai for $12,000/year US. If one wanted to live like a tourist, or live in a more expensive area of Thailand, then one could easily spend more than $30K US/year.
I agree. If you cannot live on 30K US something is wrong. I agree about planning for inflation, and balancing your investments in stocks and bonds. If you would like further information, please IM me.hi niebla,
why not enlighten us all? You sound like a helpful person
niebla,
this is not a balanced approach. Just for your own case when you are 90% in equities at the moment. Tomorrow at the same time you will have lost 5 - 10% of your portfolio value. And this even on a holiday.
Total portfolio:
50% GNMA Bonds, short term, government guarenteed, 5% return
5% International stocks
45% US Stocks
Currently looking at moving some bond money into equities with the downturn. (buying opportunity.)
-
In retirement, I suggest a balanced approach to investing with 50% in short term goverment (US) backed bonds. The remaining portion should be in equities. Currently I am in 90% US equities and 10% international equities. This should allow a 4% /year withdrawl without impacting the capital, and allowing for inflation.
If you were NOT going to live like a tourist, one can live quite well in Chiang Mai for $12,000/year US. If one wanted to live like a tourist, or live in a more expensive area of Thailand, then one could easily spend more than $30K US/year.
I agree. If you cannot live on 30K US something is wrong. I agree about planning for inflation, and balancing your investments in stocks and bonds. If you would like further information, please IM me.hi niebla,
why not enlighten us all? You sound like a helpful person
-
I agree. If you cannot live on 30K US something is wrong. I agree about planning for inflation, and balancing your investments in stocks and bonds. If you would like further information, please IM me.
Firstly, 45 is way too young and the earlier post is entirely correct, take a year off and think about the idea - the risk of not being stretched mentally will certainly become a problem.Speak for yourself. I recently lost a childhood friend, Dead at 50 from a heart attack, He was a accomplished hiker, mountain climber, and diver.
I think it is too young if you have work that stimulates you rather than deadens you. If the latter, and you have the money, and I am sorry 700K plus a future pension is more than enough, and you think you can love leisure and create your own stimulation, then GO FOR IT.
This propaganda from fear mongerers that people need to be dollar millionaires to ever retire at all is a total myth and a big lie. The vast majority retire with oh so much less, and most adjust quite well.
If the OP didn't have a pension coming later, I would agree there is alot of risk, but with a pension coming later if/when he reaches that age, anyone with their head screwed on straight could manage quite swimmingly in Thailand.
There is another myth of retirement in Thailand or any tropical place that retiring here means you have to live like you are on a big vacation everyday to be happy. That is simply not true for most people. You move to a place, you mostly live a normal life. No need to go a fancy restaurant every night, etc. to be happy.
-
The Nuvi 200 is on sale in the US. Can the ESRI Thailand maps be loaded on the Nuvi 200?
-
If you are planning on being granted an extension of stay based on a foreign family member going to school in Thailand, is there any advantage to getting a Non.-Imm. Multiple entry vs. a single entry visa from the USA?
-
I have a similar need for a house in July or August. Looking in the area east of the canal and north of CMU.
Iād also be grateful for any info, leads, suggestions etc ā other than a citing of the better known agents.
-
Is ordering online from dell.com or hp.com an option in LOS?
-
I hope this is on topic. For a new education visa extention request, would it be better to start with a Non-Imm. single entry, or a multi entry, and then getting the extension? Assuming the visa would be issued in the USA and extended in LOS.
Thanks.
1. You can only obtain an extension of stay for 90 days at a time for some schools - it is not a visa - the cost is 1,900 baht each time.2. If you want to travel when on an extension of stay you must have a re-entry permit to keep it alive - the cost is 1,000 baht.
-
This is a contrary indicator which means that when many people "bet" the market wil go lower, it usually goes much higher. Just my opinion.
-
Pink Floyd, Jimi Hendrix.
-
check out this thread
http://www.thaivisa.com/forum/index.php?showtopic=97697#
\for all the explainations u will need.
also http://www.lawyer.th.com/National_Police_O...er_Oct_2006.pdf
reason 7.10
In the case of foreign family whereas a member was granted to temporarily stay in the
Kingdom on the purpose of studying in the Kingdom in accordance to 7.7 or 7.8. This only applies to the father,mother, spouse, child adopted child or child of the spouse Permitted to stay for not more than 1 year per request
Thanks Richard. This is very helpful. It looks like my wife, daughter, and I can qualify under this provision. I posted it below for others as I had some difficulty with the link. Prem is very pricey. Is it that much better?
Reason of Necessary Criteria List of Documents
7.10 In the case of foreign
family whereas a
member was granted to
temporarily stay in the
Kingdom on the purpose
of studying in the
Kingdom in accordance
to 7.7 or 7.8. This only
applies to the father,
mother, spouse, child
adopted child or child of
the spouse
Permitted to stay for not
more than 1 year per request.
(1) The foreigner must obtain permit
stamp for the temporary entry
and
(2) Must demonstrate proof of
relationship
(3) In the case spouse, must have a
legal and de facto relationship or
(4) In the case of child, adopted
child or the child of the spouse
must not be legally married and
must be residence in the same
household and must not be over
the age of 20 years old.
(5) In the case of the father or the
mother, the father and the
mother must have a bank
account in Thailand and in their
name showing the balance of no
less than 500,000 Baht during
the last 3 month.
1. Petition Forms
2. Copy of Passport of the Applicant
3. Copy of Passport of the foreigner who
has been granted a permit based on
education.
4. Copy of documents illustrating their
relationship e.g. copy of the marriage
certificate, birth certificate, or child
certification, house registration,
adoption documents or any other
document from a related government
sector.
5. In the case of (5), must also attach
certified letter issued by the bank plus
a copy of the bank account pass book.
-
I'm going to drive to Los Angeles at the end of May. There are several Thai banks, Bangkok Bank, Thai Farmers Bank, and a Thai National Bank. I will try to open a savings account in Baht, and have the required amount 3 months before I get there. I will post my results.
I might be wrong, but I'm pretty sure that won't work. A US branch of a thai bank is a US bank for regulatory and legal purposes. I believe immigration wants to see money in a bank *in* thailand (which doesn't need to be a thai bank in the sense of a local thai bank - it could be HSBC or Citibank for example)
Two other idea are:
1. the thai bank in LA may be able to help you open an account with their head office in thailand
2. a US bank operating in thailand (eg Citibank) may be able to open an account with their thai branch while you are in the US. I did this myself with citibank (opened an account with citibank thailand at their branch in HK where I have accounts.
Hope it helps
I will call them before I go and post what they tell me.
-
It may help the original message poster to have someone confirm or deny that they can open a "Thai" bank account at the USA branch of a Thai Bank. I'd like to know this as well. I have my doubts, because the money would be in US Dollars and I think they don't "compute" in Thailand.
You would more likely need a local Thai bank account. But I'm not absolutely sure. Of course it would be easier and a bit safer to have a US based "Thai" account.....
kenk3z
I'm going to drive to Los Angeles at the end of May. There are several Thai banks, Bangkok Bank, Thai Farmers Bank, and a Thai National Bank. I will try to open a savings account in Baht, and have the required amount 3 months before I get there. I will post my results.
-
You guys, and this site is awesome! I had not heard about the guardian visa. Is this obtained inside or outside of Thailand? It sounds like inside Thailand. I will open the Thai bank account at a Thai bank in the US. I think the closest to me is in Los Angeles. I will do this at least three months before I arrive.
The Colorado consulate was very responsive and helpful. The Los Angeles consulate was not as responsive. They did respond after several days to ask if my wife was Thai, and the name of the International School my daughter is to attend. I responded immediately, but have not heard back yet.
Thanks again to all. I will post any additional information that I receive.
-
My family and I would like to spend one year in Chiang Mai starting in mid 2008. My wife and I are not of retirement age. Our daughters will be 3 and 6 years old. I have contacted the ROYAL THAI CONSULATE-GENERAL in Colorado. They were extremly responsive and helpful. Their representative said that I can apply for non immigrant visas for my family as long as I have a letter of acceptance for my daughter from an international school in Chaing Mai. My daughter's visa could be converted to an "E" visa in Thailand so she would not need to leave the country every 90 days. I have a couple of questions remaining that I was hoping could be answered here:
1. Should I get a single entry instead of a multiple enrty visa for my daughter as this will be converted to an "E" visa in the first 90 days?
2. If our three year old does not attend international school due to her age, will she need to cross the border every 90 days? If so I may enroll her in a preschool if this will allow her to get an "E" visa and not need to cross the border every 90 days.
Is this a good way to proceed? Any suggestions or better ways to do this?
I will post any additional information that I receive to assist others.
Thanks in advance for your assistance.
-
About six months ago I was applying for a job and the person I was emailing could not recieve email from gmail. I had to use a different ISP. Other than this I love Gmail. They do a great job with SPAM.
-
Did you have an ultrasound or a ct scan yet?
-
You should be able to get "education" visa for your children
and then perhaps get a visa for yourself as their guardian?
I am not sure if this will work in Thailand, it certainly does in Malaysia.
Thanks Astral. Would you suggest that I apply for the children's visa first, then apply for the parents', or apply for all at once? After the children are enrolled in International School the school will write a letter supporting the visas.
-
Expat family from USA, wife and two children, 45, 43, 7, and 4.
We would like to stay in Chiang Mai 1 - 2 years.
No work permit necessary.
We will be enrolling our children in International School.
Visa Questions?
Do children under 14 need visas? It is recommended?
Considering multi entry O visas in USA. Is this the best way? What is the best way to renew after one year?
Is there still a $3,000,000 Baht one year investment visa? What about visa's for dependents?
Your ideas and recommendations are appreciated!
Living On Us$1000 Per Month
in Chiang Mai
Posted
Are there vineyards in Chiang Mai?